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Title Loans vs. Pay Day Loans: Which Are Better? Cash Advance Essentials

Title Loans vs. Pay Day Loans: Which Are Better? Cash Advance Essentials

Asking if name loans or pay day loans are better is tantamount to asking which disease is better to fall with. Both loan items function usurious rates of interest, unfavorable terms and aggressive collection tactics that edge on abusive, and both topic you to definitely working with unscrupulous figures, frequently in less-than-stellar areas of city. Title loans typically provide lower interest rates — as an example, a 300% apr (APR) versus 400% for pay day loans, in the event that you call that a deal — but additionally impose worse charges for nonpayment, since the loan provider usually takes ownership of the car. Title Loans vs. Pay Day Loans: Which Are Better? Cash Advance Essentials weiterlesen